VANCOUVER, BC, June 19,
2024 /CNW/ - Copperleaf® Technologies Inc.
(TSX: CPLF) ("Copperleaf" or the "Company") announces the selection
of its decision analytics solution by TenneT, a leading European
transmission system operator (TSO) serving 43 million people
throughout Germany and
the Netherlands.
The energy transition and the ambitious grid development plans
in both countries are driving an expansion of TenneT's investment
portfolio. As this portfolio grows, the TSO encounters an
increasingly complex environment for investment decisions, with a
large number of variables and boundary conditions. TenneT wants to
ensure the highest value investment plans that are realistic in
terms of deliverability as well as aligned with their strategic
objectives.
Copperleaf Portfolio™ serves to create an overall project
portfolio view across all assets and areas, and enables TenneT to
make a step change in portfolio optimization. The execution of
data-driven, strategic decisions within its asset chain for
Onshore, Offshore, Germany, and
the Netherlands is supported by
the new intelligent solution.
"We are delighted to welcome TenneT to the Copperleaf
Community," said Karim Jawad,
Regional Sales Manager for Central
Europe at Copperleaf. "Copperleaf will support the TSO to
overcome the challenges and embrace the opportunities of the energy
transition by providing a leading-edge solution for complex
investment decisions."
Fin Jennrich, Regional Director for Central Europe at Copperleaf: "The energy
landscape is changing massively. Electricity companies must
completely transform their operations to meet the demands of
customers, regulators, and shareholders. TenneT joins a growing
list of organizations across the world who have strategically
chosen to implement an advanced asset investment planning and
management solution like Copperleaf to achieve these goals."
Forward-Looking Statements
This press release may contain "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws in
Canada, including, without
limitation, statements with respect to our expectations, plans or
future opportunities. Forward-looking information is necessarily
based on a number of opinions, estimates and assumptions that we
consider appropriate and reasonable on the date such statements are
made, but which are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause actual
results, level of activity, performance or achievements will be
materially different from those expressed or implied by such
forward-looking information, including, but not limited to, the
risk factors described in our 2024 Annual Information Form ("AIF")
under "Risk Factors". Accordingly, readers should not place undue
reliance on forward-looking information.
Except as required by securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update this forward-looking information if the Company's
expectations regarding future events change, or actual results
differ from the expectations expressed in this press release.
About TenneT
TenneT is a leading European grid operator. We are committed to
providing a secure and reliable supply of electricity 24 hours a
day, 365 days a year, while helping to drive the energy transition
in our pursuit of a brighter energy future – more sustainable,
reliable and affordable than ever before. In our role as the first
cross-border Transmission System Operator (TSO) we design, build,
maintain and operate over 25,000 kilometres of high-voltage
electricity grid in the
Netherlands and large parts of Germany, and facilitate the European energy
market through our 17 interconnectors to neighboring countries. We
are one of the largest investors in national and international
onshore and offshore electricity grids, with a turnover of
EUR 9.2 billion and a total asset
value of EUR 45 billion. Every day
our 8,300 employees take ownership, show courage and make and
maintain connections to ensure that the supply and demand of
electricity is balanced for over 43 million people.
Lighting the way ahead together.
About Copperleaf
Copperleaf (TSX:CPLF) provides enterprise decision analytics
software solutions to companies managing critical infrastructure.
We leverage operational and financial data to empower our clients
to make investment decisions that deliver the highest business
value. What sets us apart is our industry-leading products and our
commitment to providing extraordinary experiences, shaped by people
who care deeply and partnerships that stand the test of time.
Copperleaf is actively involved in shaping and implementing global
industry standards and sustainability principles through our
participation in the United Nations Global Compact, the Institute
of Asset Management, and other organizations. Headquartered in
Vancouver, Canada, our solutions
are distributed and supported by regional staff and partners
worldwide. Together, we are transforming how the world sees
value.
Source: Copperleaf Technologies Inc. CPLF-IR
SOURCE Copperleaf Technologies Inc.